Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

Best business loans for excellent credit

Compare lenders for businesses in every stage for owners with a 740 credit score or higher.

Having a credit score of 740 or higher — or excellent credit — works in your favor if you’re looking for a business loan. But when it comes to business financing, your credit score isn’t as important as it would be with a personal loan. Banks typically weigh cash flow and your time in business over the owner’s credit scores.

How we picked these best business lenders

We compared the rates, terms and different needs of business owners who are in the market for financing — with particular attention to low rates that excellent credit might help you win. We included a range of types of lenders and a connection service to meet the needs of different types of businesses.

6 best business loans for excellent credit

  • Best for comparing all of your options: Lendio
  • Best for businesses in the startup phase: LendingClub
  • Best for SBA loans: SmartBiz

Best for comparing your options

Lendio business loans


Finder score

Go to site Read review
Lendio is an online connection service that can make your search for an online loan a lot easier. By filling out its online form, you can find out what rates and terms you might qualify for with its over 300 partner lenders. It cuts down on the time you would otherwise spend researching and prequalifying with multiple lenders.

Best for businesses in the startup phase

LendingClub business loans


Finder score

LendingClub could be a good option if you have excellent credit but have a business that’s still in the startup phase. Especially if you have low profits. Your business only needs to be around for one year and have a low $50,000 in annual sales to qualify. But rates and fees are a little higher than you might get with a direct online lender. And the turnaround can take a few weeks.

Best for SBA loans

SmartBiz business loans


Finder score

SmartBiz doesn't fund these government-backed loans directly — but it makes the process a lot easier. It works with a network of preferred lenders and offers packaging services so you don’t have to fill out the time-consuming application on your own. But you’ll have to pay a referral fee for its services. And SBA loans are generally for big projects. You need to borrow at least $30,000 to qualify.

Best for short-term financing

Rapid Finance small business loans


Finder score

Go to site
on's secure site
Short-term loans typically come with astronomical costs. But Rapid Finance offers discounted rates and fees to borrowers with good or excellent credit. And as its name suggests, it’s fast. You can get funded as soon as the next business day. But it may require daily repayments on products like a merchant cash advance. And it has a higher-than-average time in business requirement of two years, compared to similar lenders.

Best for credit union loans

Lake Michigan Credit Union business loans


Finder score

Lake Michigan Credit Union offers some of the lowest rates across the board — ranging from 5% to 7% APR. It's one of the few credit unions that offers financing in all 50 states while also providing the personalized service you might get if you went to a credit union in person. The main drawbacks are that you can’t borrow more than $50,000, and it might take longer than applying with an online lender.

Best for bank loans

PNC Bank business loans


Finder score

PNC Bank is a regional bank and an SBA-preferred lender that offers a simpler bank loan than you might find elsewhere. You can apply online if you already have an account and easily manage your repayments without leaving home. Like with most banks, PNC is best for starting a long-term banking relationship rather than getting one-off financing. Loans start at a high $20,000. And you likely won’t get funded within days, the way you might with an online lender.

The best bank loan for excellent credit might be your local bank

Community banks can be a great option for small business owners that want to develop a strong, long-term relationship with a lender. Community bank loan officers are experts in your area’s business marketplace and can become a partner in growing and developing your business safely. 

It might take a few weeks to fund your first loan. But once they get to know your business, your lender should learn to anticipate your business’s financing needs so you never need an emergency loan.

Summary of best business loans for excellent credit

LenderMinimum credit scoreBest for … Finder RatingWhat sets it apart
SmartBiz650SBA loans★★★★★

4.3 / 5.0

A network of SBA-preferred lenders and packaging services to simplify the application process.
PNC BankBank loans★★★★★

2.53 / 5.0

Online accessibility with the option for an in-person application.
Lake Michigan Credit Union700Credit union financing★★★★★

3.4 / 5.0

Low rates and a nationwide reach.
LendingClub580Businesses in the startup phase★★★★★

4.5 / 5.0

Low time in business and revenue requirements.
Rapid Finance600Short-term financing★★★★★

3.74 / 5.0

Rate discounts for good and excellent credit.
Lendio500Comparing multiple offers★★★★★

4.79 / 5.0

Over 300 partner providers in its network.

Other business loans you can apply for today

See what else is out there by selecting ranges for the amount you’d like to borrow, revenue, time and business and the excellent credit score range.

1 – 5 of 5
Name Product Filter Values Min. Amount Max. Amount APR Requirements
Lendio business loans
Finder Score: 4.8 / 5: ★★★★★
Lendio business loans
Varies by lender
Operate business in US or Canada for 6 months or more, have a business bank account, minimum 500 personal credit score, at least $20,000 in monthly revenue
Submit one simple application to potentially get offers from a network of over 75 legit business lenders.
Olympus Business Capital
Finder Score: 3.8 / 5: ★★★★★
Olympus Business Capital
Not stated
Been in business for 6 months registered with the state, active and open bank account in business name, have $10,000 of revenue each month
No credit needed. Funding up to $100k with a variety of finance options to best fit your business needs.
Go to site
American Express® Business Line of Credit
Finder Score: 4.4 / 5: ★★★★★
American Express® Business Line of Credit
Minimum FICO score of at least 660 at the time of application, have started your business at least a year ago, and an average monthly revenue of at least $3,000
Access lines of credit for your small business even if you aren’t currently an Amex customer.
Finder Score: 4.9 / 5: ★★★★★
Rates start at 1% per month
500+ FICO score, $200,000 annual revenue, 6 months in business, most recent business bank statements
Same day approval
Go to site
Fundera business loans
Finder Score: 4.9 / 5: ★★★★★
Fundera business loans
Varies based on lenders
$60,000+ of annual revenue, 550+ personal credit score, in business for 6+ months
Get connected with short-term funding, SBA loans, lines of credit and more.

How to choose the best lender for your business

The best lender for your business depends on several factors, such as what type of financing you need, the time you have to spend on the application and what your business can qualify for. Follow these steps 

  1. Define your priorities. Ask yourself questions to figure out what’s the most important to you. For example, are low rates more important than speed? Knowing what you want out of a lender is key to narrowing down your choices.
  2. Compare types of lenders. Start your search by comparing different types of business financing and lenders to see which offer the type of financing you need — and which might accept your business.
  3. Compare actual lenders. Rule out any lenders that don’t offer the rates, terms and loan amounts you’re looking for or any provider you definitely can’t qualify with.
  4. Prequalify. Reach out to your top choices to get an estimate of the types of rates you might receive. With some lenders, you can prequalify by filling out an online form. Others might require a phone call.

Bottom line

Having excellent credit isn’t the only factor that lenders consider when you apply for a business loan. In fact, your time in business, revenue and cash flow often count more toward your application than your credit score. Get the basics on business financing with our guide to business loans.

Anna Serio's headshot
Written by


Anna Serio was a lead editor at Finder, specializing in consumer and business financing. A trusted lending expert and former certified commercial loan officer, Anna's written and edited more than 1,000 articles on Finder to help Americans strengthen their financial literacy. Her expertise and analysis on personal, student, business and car loans has been featured in publications like Business Insider, CNBC and Nasdaq, and has appeared on NBC and KADN. Anna holds an MA in Middle Eastern studies from the American University of Beirut and a BA in Creative Writing from Macaulay Honors College at Hunter College, CUNY. See full bio

Anna's expertise
Anna has written 251 Finder guides across topics including:
  • Personal, business, student and car loans
  • Building credit
  • Paying off debt
More resources on Finder

More guides on Finder

Ask a question provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site